LONGARONE, Italy—The board of directors of De Rigo Group (NYSE: DER) have approved the full year 2014 financial results of the company, which close positively for the De Rigo Group, with growth in turnover, earnings and positive net financial position, the company said.

Consolidated turnover reached €375.5 million, up from €365.3 million in 2013. The turnover of the wholesale division rose to €221.8 million from €219.6 million in 2013. The division’s turnover confirms its excellent state of health, consolidating the position already achieved in 2013 and therefore renewing the record level of sales attained by the division, the company said.

Growth was seen strongly on the rise in various markets, and in particular in Turkey, Brazil, UAE and Korea, but nonetheless was partially offset by weakness in Russia and China. Retail division turnover rose to €162.4 million, from €155.9 million in 2013, thanks to growth in sales achieved by the two proprietary retail chains General Optica and Opmar Optik. The network of points of sale controlled by the group include 307 stores, in addition to the approximately 700 stores and corners managed by companies in which the group holds stakes.

“The resumption of sales in our Spanish retail division, coupled with the consolidation of our wholesale division’s results and the expansion of our Turkish Retail division, leads us to look forward to solid growth in 2015 as well,” said Ennio De Rigo, chairman of the De Rigo Group. “The group’s financial solidity enables us to react to turbulence in the economy and to lay down the groundwork for new projects to drive development over the next few years.”

The group’s net earnings rose to €12.9 million, from €1.9 million in 2013. As of Dec. 31, 2014, the De Rigo Group’s net financial position was positive, totaling €43 million, up from €13.4 million registered at the end of 2013.